1. Risk Perception and Decision Making Strategies
Though managers are also in charge of taking big risks, the level of risk involved is not as high as it is for entrepreneurs. ... However, the instinctive decision making heuristics still remain a common cognitive strategy used to make judgments and perceive situations involving risks. Slovic concludes that both of these strategies continue be essential to human survival and evolution, as both are extremely useful depending on the circumstances provided by the environment....
- Word Count: 1231
- Approx Pages: 5
- Has Bibliography
- Grade Level: Graduate